Tag Archives: Class Action Settlements

Foreign investors allowed to pursue claims against BP in U.S. court
There has been a new development in the case against BP Plc regarding the 2010 Gulf of Mexico oil spill. In a recent decision, a U.S. District Judge in Texas said foreign investors who bought BP common shares on exchanges overseas are able to pursue securities class action claims under English law. Pension funds in the U.K., Germany and other countries that bought shares Continue Reading...
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Dismissal of Omnicare class action establishes guideline for when corporate misstatements are made
The U.S. Appeals Court for the Sixth Circuit has dismissed a proposed securities fraud class action against Omnicare, Inc., making clear when a corporation will be deemed to have knowingly made misstatements. In their litigation, shareholders claimed Omnicare, a pharmaceutical care provider, and several of its executives committed securities fraud by making misrepresentations about the company’s compliance with Medicare and Medicaid regulations. Continue Reading...
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Customer Service Success: FRT Identifies Claims Administrator Error – Rejected Claim to Yield Recovery
After submitting a claim on behalf of a client for a case against SunPower Corp., FRT received a rejection letter from the claims administrator stating the submission had no recognized loss. After being prompted by our claim filing system as to a discrepancy between our loss calculation and the administrator’s rejection, one of FRT’s Operations Associates verified the client’s claim Continue Reading...
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